A+ · HIGH conviction · RUNNER · 2026-08-03
20.39Entry reference
23.45Model target
120.0Max hold (days)
25.0%Model allocation
Newgard Jeffrey K · CEO, Exec COB, Dir, Pres, CEO (GBank), SECRETARY
CEO/President/Chair Newgard led a 4-unique-insider cluster (2 C-suite) buying $1.22M around $21.67, with a max ΔOwn of 161% — a genuine conviction cluster, not comp. Setup is a capitulation buy: stock is 3.9% off its 52w low after a 33% 20-day drawdown, RSI a washed-out 17.5, and current $20.39 is actually below the insiders' cost — a bank posting record Q4 net income of $7.4M with $141M cash vs $36M debt in a sector beating SPY by 7%. First target +15% to ~$23.45; if it reclaims the $28-29 MA zone there's room toward the low $30s.
Watch: Thin liquidity (~$2.7M/day 20d dollar volume) — size fills carefully; single-source (OpenInsider) only; recent board/leadership churn noted in news.